Hello traders , here is the analysis for this stock let me know in the comment section below if you have any questions , the entry will be taken only if high of today is taken out. wait for more price action to develop before taking any position . I suggest you keep this stock on your watchlist and see if the rules of your strategy are satisfied...
Here is the stock I was looking very very closely for weeks and finally the strong indication of up side move is here.
I suggest you to enter into the trade when it retests the trendline. For aggressive traders, enter at your will. Keep an eye on targets.
After moving in a clear uptrend, the prices consolidated in a narrow range.
Post the consolidation a breakout from the upper resistance level is evident.
With a SL of 390, one can trade this set-up for a target of 450.
Hello fellow traders, we can see that ICICIRULI has formed a bull flag pattern and now taking support at major weekly support zone we can see a big move in coming days after the breakout. right it's consolidating on lower time frame and volume is decreasing which is a sign of big movement in coming days.
let me know your views on this analysis ?
MHRIL has an interesting chart pattern
Bull Flag on 4h
Symmetrical Triangle on D
+ve Covid news will make it fly
-ve Covid new exit at 200
I would enter and exit at below price points
Enter - CMP, SL - 200
1st Target - 218
2nd Target - 231.8
3rd Target - 242.5
If you want to play safe wait for the breakout and test of either Bull Flag or...
The stock broke out of ₹525 last Thursday, thereby confirming the bull-flag chart pattern. After marking a high of ₹544.5, the price softened and is now finding support of 20-day simple moving average. Since the scrip is in a sharp uptrend, it is expected to extend the rally in the upcoming sessions and so, the current price level seems like good entry area. The...